2017-05-16 Oversight Board of Successor to RDA Minutes (Special)MINUTES OF THE SPECIAL MEETING OF THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON
HELD TUESDAY, MAY 16, 2017, IN THE COUNCIL CHAMBER OF THE CITY HALL LOCATED AT 305 SANTA FE
AVENUE, VERNON, CALIFORNIA
MEMBERS PRESENT: Jonathan S. Fuhrman, David Vela, William J. Davis, and Kelly
Nguyen
MEMBERS ABSENT: Mary Gallagher
The meeting was called to order at 1:01 p.m. by Vice Chairperson Fuhrman who also led the flag salute.
CHANGES TO THE AGENDA
Deputy City Clerk Matthew Ceballos announced that there are no changes to the agenda.
PUBLIC COMMENT
Chairperson Fuhrman announced that this was the time allotted for public comment and inquired
whether anyone in the audience wished to address the Board. ACTION ITEMS
1. Resolution No. OB-44 - A Resolution of the Oversight Board of the Successor
Agency to the Redevelopment Agency of the City of Vernon, approving an agreement regarding expenditure of excess bond proceeds between the Successor Agency and the City of Vernon [2005 Tax Allocation Bonds]
Recommendation:
A. Find that adoption of the proposed resolution for approval of the Agreement
Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds] is
exempt under the California Environmental Quality Act (“CEQA”) because it is a
government fiscal activity that will not result in any change to the environment and, therefore, is not a “project” as defined by CEQA Guidelines Section 15378. Even assuming the activity were a “project”, it would be exempt from CEQA review in
accordance with CEQA Guidelines Section 15061(b)(3), the general rule that
CEQA only applies to projects that may have an effect on the environment; and
B. Adopt a resolution to approve an Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds]; and
Oversight Board of the Successor Agency to the Redevelopment Agency
Special Meeting Minutes
May 16, 2017
Page 2 of 2
C. Authorize Successor Agency staff, City Attorney and special counsel to take any
necessary steps to assure the provisions of said resolution are appropriately
effectuated.
Assistant Finance Director Misaim Higa and Outside Bond Counsel Iris Yang reported on the
proposed.
A lengthy dialogue ensued between staff and the board regarding the amount of funds to be transferred over to the City, and the spending of the bond proceeds.
It was moved by Davis and seconded by Nguyen to Resolution No. OB-44. Motion carried, 4-0.
Fuhrman: Yes Vela: Yes
Davis: Yes
Gallagher: Absent
Nguyen: Yes
ORAL REPORTS
2. Brief reports on activities, other brief announcements, and directives to staff.
Chair Fuhrman inquired about the necessity of this board for the remaining year. Assistant Director Higa explained a plan to introduce a final ROPS that would negate the nessity for
Oversight Board meetings.
With no further business, at 1:17 p.m., the meeting was adjourned by Chair Fuhrman.
________________________
Jonathan S. Fuhrman
Chairperson
ATTEST:
_________________________
Maria E. Ayala Secretary